i would rather be involved with valero.ong of valero and short of the multinationals. >> hey, will he me ask you, how much do you think is already in the spread? if we said tomorrow, no border tax, where would it go? >> it hasn't even begun to move yet. i think what is going to end up happening, the real trade to me is to buy wti. i think it is no more than 50 cents to the dollar. if it goes the other direction. it would be $10 or $12. it is probably 60/40. you have to remember that the people pushing for it are republicans out of texas. they're in a position to be able to put that into effect. clearly would it benefit their oil companies, for example. so i think the odds are 60/40. and i think the real big trade is to buy the spread. >> good to see you. thank you. >> thanks for having me on. >> how do you feel? do you think that some can stand out above the rest? >> in my opinion, you lump them all together. you mentioned, tomorrow after the bell. it was a big move. a really significant move after they priced the secondary

the two victims were found at a valero gas station. the victims have not been identified. they were in a black mercedes when they were shot. officers do not have information about the shooter at this time. you can see some of those bullet holes in the car. >>> at 10:30 republicans are taking steps to repeal obamacare. democrats are working to save it. thousands gathered in san francisco including the mayor. nancy pelosi. it was part of a day of action. rallies were held in 40 cities including los angeles, sacramento. bernie sanders spoke at the event in michigan. it was attended by 8,000 people. >> mr. trump when he ran for president promised people in michigan and in america that he was a different type of america. he wasn't going to cut social security, medicaid. we want to remind mr. trump he better keep his promises. >> democrats have more rallies coming up in the days and weeks. >>> buzzfeed is feeling the heat for publishing memos related to donald trump. the edit torr in chief is defending the decision to release the information. it was 35 memos. they had intelligen

the two men were found at a valero gas station not far from the freeway. the car with the shooter inside drove off into the city of concord. >> we'll be looking at surveillance video from here, and hopefully if they're coming from other direction, we're actually up on the free it was and trying to plan out and get that map on what direction they came from for that same reason. >> now, investigators are also looking for witnesses. we're going to have janine with a live report on the story coming up in just 30 minutes. >>> the chp is also still trying to find witnesses to another freeway shooting yesterday morning in el cerrito. shots were fired at a car on interstate 880 near carlson believed. no one was hurt. the passengers in the car are cooperating with investigators. >>> these are the late next a series of bay area freeway shootings that includes a shooting in december near the hair arely son exit where people people were hurt. both victims were there in the same car. no arrests have been made. >>> and san francisco police are investigating a crash invo

chp responded here to this valero gas station, which was a crime scene. it will be shut down for the majority of this evening from highway 4 and it could be all night while they work this investigation. guys? >> and rob, i understand that there has been talk of putting up the cameras? that is why they are asking for their help to try to determine who these shooters are? >> that's right. authorities don't have a whole lot to go on. they will be looking for surveillance video from this strip mall and also the gas station. they'll be working, it will probably take them all night if they go up and down highway 242 looking at shell casings and for evidence. but right now no witnesses and no idea how these two victims were shot. >> yeah, e well we obviously know one person has been taken to the hospital. the condition of that second person, do we know anything about that? do we know if they are cooperating with the investigation? >> yeah, we asked and they wouldn't give us much on that. we asked if that person is talking. they said right now they will give us u

a company like valero could have a major increase in earnings. and it is already trading at a pretty low multiple and 3.8% dividend roughly. i think it has great potential in the first 100 days. >> next is u.s. bank corps. >> plus regulatory relief. the banks rallied very strong after the election. and they've been pulling back simps since the first of the year. we don't expect rates to jump tremendously but they will be rising incrementally. and any kind of move upward is great for the banks. u.s. bank is very well run. it came out a couple days ago with earnings release and it was positive. >> and the third and final choice is united continental, the airline company. >> exactly. and they have some, a few head winds but they've changed management. that is focusing on getting their cost structure in line with major competitors like delta. there's a lot that can be done there. predominantly, they have great leverage in material of what falls to the bottom line. and capacity is being could not strained so we think united has to increase pricing inc

we have valero tuesday morning ask then conco on thursday. it could move in either treks.rude oil prices logging roughly 1% decline today. we seem to be stuck in a range. frustrating for some. the market is split on which way we go from here. back to you. >> energy was one of the top performers last year but has lagged so far in 2017. the chart master says more pain could be ahead. what do you see? >> just as jackie said, the future predictions are also stuck. we do know that it has the chance to be the best sector in the year. let's look at crude first. just, i have a little tom sawyer going. on i sent in the wrong stat. current crude, 53.17. now it's important. look at the futures contract. christmas crude is 55. and christmas '18 is 55. the market itself has expectations of no progress. a great stand-off. and i don't think energy stocks are going anywhere. exxon, the the relative performance to the standard & pours of which it is a part. the energy stocks have continued higher almost for the past 12 months. and even as they're making new highs, the relative performance

. >> reporter: the pair pulled off to a valero gas station to get help. al gomez worked down the street and said the rash of freeway shootings has him on high alert. >> i am more alert. i just watch my surroundings and paid more attention to the road and -- but it is a concerning thing. it is happening a lot, too frequently, actually. >> reporter: there are been 40 shootings on bay area freeways in the last year and a half. now chp hope the public can help track down the people responsible. >> we always get there after the fak. but everybody that is out there, you guys are our eyes and you guys are our ears. we need to get these people out of the streets that are causing these crimes, that are doing those crimes and taking people's lives. >> reporter: the investigation shut down southbound lanes of 242 overnight from highway 4 to solano way. it is unknown if this was random or if the men were targeted. officers say that shooter could have been in another car or could have been on foot, shooting from the side of the highway. anyone with information is aske

exxon mobile, valero tuesday morning and conoco on thursday.ions market is implying a 2% move in either direction for each of those stocks. now, crude oil prices logging roughly 1% decline today. flat for the week. we seem to be stuck in a range now. frustrating for some. the market is split on which way we go from here. >> thank you, jackie. >>> energy one of the top performers last year but lagged in 2017. the chart master says more pain could be ahead. carter what do you see? >> jackie said, stuck in a range. in fact, future predictions stuck in a range. we do know energy is a sector has the distinction of claiming best performing sector on the year. yet all results in the first quarter. look at crude first. first, just, i have a little tom sawyer going on. sent in the wrong stat. current crude, front contract, 5317. where we are now. what's important. look what the nymex futures contract christmas crude is, 55. and christmas 18 -- is 55. meaning, the market itself has expectations for no progress looking out quite some time. it's a great st

exxonmobil, valero. crude oil prices logging a roughly 1% decline today, flat for the week.seem stuck in a range, frustrating for some. the mark is split on which way we go from here. back to you. >> jackie, thank you very much. energy was one of the top performers last year but has lagged in 2017. the chart master says more pain could be ahead. carter what do you see? >> as jackie said, stuck in a range. the future predictions are also stuck in a range. what we do know is energy as a sector has the distinction of claiming best performing sector on the year, yet all the results wa in the first quarter. crude first. first just to -- i've got a tom sawyer going on. i sent in the wrong stat. current crude, 53.17 right now. what's important, look what the futures contract, christmas crude is 55. christmas 18 is 55. meaning the market itself has expectations for no progress looking out quite some time. it's a great standoff. i don't think energy stocks are going anywhere. energy stocks. s&p 500 gets sector energy to bes. exxon, chevron, halliburton, the whole thing. the bottom pa

valero coming up with earnings that beat estimates but it had weaker than estimated margins. shares of harley davidson are also down. earnings missing estimates and motorcycle shipments are below estimates as well. so macro and micro, a lot to cover. mark: we have been in the narrow trading range, up i one third of 1%. theld trump's firing of acting attorney general went into more instability. that the gauget is up in january, the best run since may 2016. we keep an eye on deutsche bank, shares were higher earlier. it has been fined 163 million pounds for compliance failures related to allegations it helped wealthy russians move billions of dollars out of the country. this is after a similar probe in new york with a criminal investigation by the u.s. justice department that is still ongoing. deutschea week after bank agreed to a civil penalty to resolve the u.s. its investigation -- the u.s. investigation. growth, 4.5% in the fourth quarter. unemployment falling to 9.6% in december. the lowest level since mid-2009. attention turns to accelerating inflation. mario draghi repea

valero, tesoro, consol.nd after president trump met with drug company executives, h biotech moves higher and gold moves higher, about 1200 an ounce. >>> we go to bob pisani at today's new york stock exchange. >> hello, melissa. essentially at the lows today. s&p 500. normally the day before the fed meeting, the market tends to move up. this say phenomena known as drift and stocks do rise in the 24-hour period before that. that is not happening right now. whether it is end of the month selling or we're having some issues with mr. trump and his agenda, not entirely clear. laggards, though, former leaders have turned into laggards, jp morgan and goldman sachs, 50 points in the 180-point decline we're seeing right now. throw in boeing, caterpillar and 3m, another three points. the dow's decline is essentially five stocks right here. president meeting with pharma executives. lily and merck on the upside. technology stocks up about 4%. biggest sector far and away. they're up 4%, they drag the whole rest of the s&p

the driver who was shot drove the car here to this valero gas station on grant street.hat driver is at a hospital with, again, non-life threatening injuries. chp questioned his passenger on the scene and ultimately took him in for more questioning. there have been a number of highway shootings in the last year including on 242. >> we always get there after the fact. but everybody out there are our eyes and ears. we need these people out of the streets causing these crimes, doing these crimes, taking people's lives. >> reporter: chp spokesperson says there's very little information at this point about the suspect, including whether or not that person was even in a vehicle when the shooting occurred. that is why chp is asking for the public's help. live in concord, melanie woodtro, "abc 7 news." >> thank you very much. add another bay area lawmaker to the list of congressional democrats who say they'll boycott trump's inauguration. sergio con tan ah has been tracking this all weekend. why? >> reporter: members of congress are taking part in the boycott because of the back

the victim got off the freeway, and came here to this valero gas station, and that's where they called for help. this happened around 5:00 yesterday evening. two men in a black mercedes- benz traveling on highway 242 north of solano way. that's when someone fired at their car. one of then men was hit and suffered injuries. he is expected to survive. the other manner was not hurt. the vehicle with the shooter inside drove off into the city of concord. at this point, authorities don't have much to go on. >> one victim had been shot with a nonlife-threatening injury. at this time, it is an ongoing investigation. right now we're asking for the public's help, that if anybody did see anything to please call 1-800-tell-chp. >> reporter: they aren't sure in this shooting is related to others that have occurred in the bay recently. cently. there was a shooting in december on 580 in oakland on hairly son street. two people were injured in that shooting, but no arrests were made. we're go took checking back in with the chp to see if they have made any progress, and have an update at 7:00 a.m. bac

cross channel attack into northwest france as soon as the forces could be built up under operation valero. the torch landings, operation torch landings in north africa , where therefore anathema to him and his planning staff. he didn't believe in circling germany under the peripheral strategy preferred by the british, which the americans derided as a policy of scatterization. some of the more anglophobic planners, of which there were no shortage, by the way, led by general alford whitmire, felt that the united states was being lured into the mediterranean by the cynical, wiley, imperialistic british who needed to protect their bases as well as their route through the suez canal to their asian and far eastern colonies. they were suspicious that churchill wanted to invade italy, not only to knock out hitler's ally mussolini, but also to open up further operations across the adriatic into the balkans, also apparently for selfish british ends. although britain has never had any interest at all in the balkans. nonetheless, this was a fear in the war department. marshall much preferred the more

last week and i'm very happy about this valero filed a great lawsuit out of washington, d.c., in texas, and i really think that lawsuit may change the obligated party, which will open a flood gate of investment in refineries, which is what donald wants. new jobs, refineries, and save literally six, seven refineries that might literally -- several will go bankrupt and the epa up till now just laughs, just says, we don't care. >> likewise, the department of labor rules, new fiduciary rules which hopefully will not exist will put millions of americans without anyplace to go for financial advice for their retirement plans by making the plan as fiduciaries. this law is written, hopefully it will be postponed. it's horrible. it's going to lose jobs in the industry and it's going to leave millions of americans without someone to depend on to handle their retirement funds. and i think one thing in donald's speech which really i feel was one of the best parts, he made a statement which i think shows where he's coming from on the social issues. he said, in your heart if you're a patriot there's

valero energy is cut at deutsche bank and then we have aes which was lowered to outperform, a cut overnergy complex. david: we turn from stocks to bonds. unconstrained funds saw the balloon. the nontraditional bond funds have stumbled at the last two years as investors voted with their money in favor of the low cost alternatives. but is 2017 the year unconstrained funds could finally live up to their hype? joining us now is brian .happatta what do they see in these funds that last year, investors didn't see? brian: the idea that duration is no longer the way to go. the treasury bonds outperformed but then rates sold off and as a result, the best results work for some of the funds that had with credittions like the unconstrained funds which can go anywhere. in emerging markets and they are not constrained by geography or maturity or credit quality. -- ais what is interesting lot of these managers are banking on the look at the final year-end statements and see that unconstrained funds returned 5.15% whereas the barclays dag delivered 1.2%. so you see the performance, inflows will follow

there was a contract with valero, the refineries in the south-central part of our country, which is wherehe heavy crude, like the crude coming out of canada. it remains to be seen what the contract relationships are, but obviously trans-canada is very interested in engaging. they said they're going to reapply. we look forward to that reapplication and look forward to getting american construction workers working again. >> yeah, speaking of that, the job number the president used yesterday was 28,000. a couple years ago, do you remember? someone in the obama administration said it was more like 200. they actually used that number. then others said, well, look at the towns that spring up. look at the walmarts. look at the coffee shops that spring up. they say it's more like 100,000. what do you think the real number is? >> i think the real number is the number of people who will be working to put the pipe in the ground. what we expect is this isn't going to be one crew moving down the line. it's going to be a lot of crews. so i don't think that's an exaggeration to talk about over 20,000 jo

st l >>> time for kensho stat of the day, valero similar rex and con cho all ♪ >>> let's get down tork stock exchange. jim cramer standing by. and, jim, we've been waiting to talk to you all morning about the banks. dick boef was supposed to join us this morning, he has the flu. he sent me a note, other than bank of america none of the five banks that reported this morning validate the current price increase. do you agree or disagree? >> no, i disagree. i think, look, these banks have all run. if you speak to the ceos they'll tell you they've run. i'm not interested in today's trading. i'm interested in the situation at bank of america where you get 100 basis points in fed rate hikes, they pick up another $3 billion that they're locked into $600 million in profit next quarter that this quarter didn't reflect a lot of the higher rates that next quarter will. >> right. >> that you're going to stop thinking about tangible book value. these are growth stocks. you see the kind of deposit growth these guys have all you're wondering is will the fed, will ccar, will all these regulators mayb

i have initiated three cases with respect to valero, bp and conoco. exxon in a number of other cases are still in settlement discussions. they have not materialized in litigation just yet. >> thank you for that clarification. anyway, a couple quick questions. in in the city of cheyenne wyoming, it was discovered that ethylene chemical that's used by the military to degrees the engines of rocket motors was seeping into the cities drinking water supply. the army corps of engineer which was in charge of a nearby former atlas nuclear missile site failed to admit the site was the cause of the pollution. i fought the core on this to do testing needed to prove what was obvious to everyone who looked at it. the test results showed a large plume coming from the atlas site directly into the city well. the court is addressing the pollution and the city's water supply is protected through a treatment facility that was installed by the core. can you give me an example when you served as oklahoma state atty. general where you and after polluters held them accountab

questions about the steps we have taken with the underground storage i have initiated three cases with valero and bp and con co exxon and others are in settlement discussions. >> thanks for that clarification in shiny and wyoming it was discovered that chemical used by the military to decrease the engines is seeping into the of water supply the army corps of engineer refuse to even did a mitt it was the cause of the pollution. it was obvious to everyone that shows a large plume now they are addressing the of water supply with the state of the are water facility but where you went after polluters to hold them accountable? >> in that mentioned uh case that is something we actually initiated that was both respect to federal and state violations and with that enforcement actions we have worked with the of wildlife commission with enforcement of the state law >> what was troubling to many of us in the previous administration officials went to extraordinary lengths to avoid disclosing their communication that allows public access so for example, lisa jackson at the time use the e-mail account under